Can You use Income and assets from overseas to obtain Credit in the US ?

[Anonymous]

My father is a US citizen but lived most his life overseas . He's pretty wealthy over there but has zero income and assets here in the US . Can he use any of his foreign assets to obtain credit here ? he comes to visit every once in a while and wants to get an Amex . He had a couple Amex cards in the early 90's but he closed them a long time ago . I checked his cretit report from annualcredit.com and its completely clean .

[1GaDawg85]

If I remember correctly, you have the ability to transfer any history from overseas AmEx accounts to US AmEx accounts. You would need assets in the US to be able to apply for credit here though 

[Anonymous]

The Amex cards he had were from here . He lived in the US for a while but moved overseas about 15 years ago , so all his credit hitory is gone .

[Anonymous]

The only income he has here is some type of retirement fund that pays him $800 a month . I doubt thats enough to get a decent credit card . 

[1GaDawg85]

Gotta have more than that here.

[rlx01]

No you don't. Especially for Amex.

If he's a US citizen then he's filing US tax returns with world wide income.

[Anonymous]

Not really the same situation but back in Europe I used to bank with ING and had a €15,000 personal LOC. When I moved stateside I asked ING if they would honor that LOC. They didn't. And yes, this was way before they were taken over by Capital One.

[1GaDawg85]

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@Anonymous wrote:
Not really the same situation but back in Europe I used to bank with ING and had a €15,000 personal LOC. When I moved stateside I asked ING if they would honor that LOC. They didn't. And yes, this was way before they were taken over by Capital One.

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I didn't think you could use overseas assets to count towards assets here 

[Anonymous]

I didn't think so too but asking can't hurt.

[newhis]

I think you can. I haven't seen a form that say that only if you get paid or have money in the USA you can get a credit card.

There are a lot of temporal visitors in the USA that have credit. As long as you say you can pay, and keep paying, the banks don't have problems giving you credit.